Barclays Reaffirms “Buy” Rating for General Motors (GM)

Barclays reiterated their buy rating on shares of General Motors (NYSE:GM) (TSE:GMM.U) in a research report sent to investors on Tuesday. Barclays currently has a $61.00 price objective on the auto manufacturer’s stock.

A number of other research analysts also recently weighed in on GM. Evercore ISI raised their price target on General Motors from $40.00 to $41.38 in a research note on Friday, December 29th. Piper Jaffray Companies set a $44.00 target price on General Motors and gave the stock a buy rating in a research note on Monday, October 16th. Citigroup reiterated a buy rating and set a $53.00 target price on shares of General Motors in a research note on Monday, October 2nd. Vetr downgraded General Motors from a hold rating to a sell rating and set a $40.10 target price for the company. in a research note on Monday, January 1st. Finally, Instinet reiterated a buy rating and set a $43.00 target price on shares of General Motors in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $44.29.

Shares of General Motors (NYSE:GM) traded down $0.12 during trading on Tuesday, reaching $44.07. The company had a trading volume of 14,900,000 shares, compared to its average volume of 12,800,000. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76. The firm has a market cap of $62,600.00, a price-to-earnings ratio of 9.54, a PEG ratio of 0.82 and a beta of 1.55. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.25. The firm had revenue of $30.48 billion during the quarter, compared to the consensus estimate of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The business’s revenue was down 16.6% compared to the same quarter last year. During the same period last year, the company earned $1.72 earnings per share. analysts anticipate that General Motors will post 6.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, December 8th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.52 annualized dividend and a yield of 3.45%. General Motors’s dividend payout ratio is presently 32.90%.

In other news, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the completion of the transaction, the chief accounting officer now owns 66,838 shares of the company’s stock, valued at approximately $2,971,617.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Charles K. Stevens III sold 265,458 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $44.49, for a total value of $11,810,226.42. Following the transaction, the chief financial officer now directly owns 326,510 shares of the company’s stock, valued at approximately $14,526,429.90. The disclosure for this sale can be found here. Insiders sold a total of 552,298 shares of company stock valued at $24,408,137 over the last ninety days. Insiders own 0.04% of the company’s stock.

Several institutional investors have recently bought and sold shares of GM. Berkshire Hathaway Inc. grew its position in General Motors by 20.0% during the 2nd quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after acquiring an additional 10,000,000 shares during the last quarter. Swiss National Bank grew its position in General Motors by 1.6% during the 3rd quarter. Swiss National Bank now owns 5,006,857 shares of the auto manufacturer’s stock worth $202,177,000 after acquiring an additional 81,000 shares during the last quarter. Alyeska Investment Group L.P. grew its position in General Motors by 181.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock worth $73,062,000 after acquiring an additional 1,166,696 shares during the last quarter. Dimensional Fund Advisors LP grew its position in General Motors by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock worth $601,683,000 after acquiring an additional 331,621 shares during the last quarter. Finally, Lehman Financial Resources Inc. grew its position in General Motors by 6.4% during the 3rd quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock worth $2,731,000 after acquiring an additional 4,050 shares during the last quarter. 73.01% of the stock is owned by institutional investors.

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About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Analyst Recommendations for General Motors (NYSE:GM)

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